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Koryx Copper Corp.

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Koryx Copper is focused on exploring and developing the Haib Cu-Mo-Au Project in Namibia, aiming to advance it into a major open pit copper project.

Investor website: https://koryxcopper.com/

About

Koryx Copper is focused on exploring and developing the Haib Cu-Mo-Au Project in Namibia, aiming to advance it into a major open pit copper project. The company emphasizes responsible mining practices, transparency, and creating lasting value for stakeholders, while prioritizing economic upliftment and earning a social license to operate.

Verified company data

Cash position
~C$70.0M
Shares outstanding
120000000
Fully diluted shares
132700000
Mineral resource
The Haib Copper Project is our flagship asset and one of the most advanced undeveloped copper projects in Namibia. Located in the //Karas Region of southern Namibia, near the border with South Africa and close to existing infrastructure, Haib hosts a large copper-molybdenum porphyry deposit with a long history of exploration by major mining companies including Rio Tinto, Falconbridge, and Teck. The project contains a substantial mineral resource with hundreds of millions of tonnes of copper mineralisation, and ongoing drilling and technical studies are focused on expanding and upgrading the resource while optimising the project’s development plan. Recent economic studies highlight the project’s potential to become a large, long-life open-pit copper operation with a projected multi-decade mine life and significant annual copper production, positioning Haib as one of the most significant emerging copper development projects in southern Africa. As global demand for copper continues to grow due to electrification and energy transition trends, we are advancing Haib through ongoing exploration, engineering studies, and project optimisation – unlocking the full scale and long-term value of this world-class copper system.
Projects
["Haib Cu-Mo-Au Project: The Haib Cu Project is one of Africa’s largest porphyry copper systems. Its geology is straightforward, with simple metallurgy and strong potential for a low-cost, long-life development. This foundation gives Haib a clear path toward continued growth and technical de-risking. 120,000 metres of drilling completed. We are currently undertaking an additional 55,000m drill programme required for the PFS.","Zambia Exploration: Koryx Copper holds the option to acquire up to 80% of two large-scale exploration licences in the Zambian Copperbelt, which makes up part of the larger Central African Copperbelt (CACB), extending north into the Democratic Republic of Congo. The CACB is the world’s largest sedimentary rock hosted stratiform copper province and includes at least 14 giant deposits. The licences cover approximately 745 km² in the heart of the Zambian Copperbelt, close to the western margin of the Kafue Anticline which hosts numerous significant copper deposits, including Nchanga (> 700 Mt @ ~2.5% Cu). Zambia offers excellent infrastructure and the licences are well located near the regional towns of Kitwe and Mpongwe. Zambia has a long tradition of mining, is a mining-friendly jurisdiction and is very supportive. The President of Zambia recently stated that he will take measures to support the industry to grow the copper production from 800,000 tonnes per year to 3 million tonnes by 2031. Zambia’s mining and exploration industry is very active with major, mid-tier and junior companies present, including Barrick, First Quantum, Rio Tinto, KoBold, Vedanta and Sino Metals.","Luanshya West project (LEL 23246): The large exploration licence is situated centrally on the western margin of the Zambian Copperbelt and covers 5,423.26 hectares (54 km²). The project is located on the southeastern margin of the area known as the Chambishi or Kakontwe sub-basin where Lower and Upper Roan Subgroup rocks onlap onto the basement dome of the Kafue Anticline. Mineralisation continues to the northeast along the same geological trend, including known deposits at Chibuluma and Chifupu. The Lower Roan rocks host most of the mineralisation in the area around the Chambishi basin and specifically within the footwall arenites. There is also potential for additional mineral discoveries within the licence area, particularly where the Mwashya and Nguba rock formations meet. The project area is close to established copper mines with Chibuluma mine about 35 km to the north-east, Chambishi mine 40 km north-northeast, Nchanga mine 55 km north-northwest and Luanshya mine some 40 km east-southeast from the centre of the project area. Koryx Copper has completed regional airborne magnetic and satellite imagery data interpretations, geochemical soil sampling and selected induced polarisation (IP) and resistivity surveys. This work has highlighted a number of coincident copper (> 150ppm) +/- cobalt (> 75ppm) in soil and chargeability anomalies in favourable stratigraphic and structural settings. The use of Cu/Sc ratios also allows the discrimination between copper anomalism associated with the meta-sedimentary host rocks and intrusive (Mwashya) gabbroic sills. The 2025 field programs identified further Cu ± Co soil geochemistry anomalies, better constrained existing anomalies and allowed a more robust ranking of the geochemistry anomalies based on reconnaissance mapping, selected pitting and improved geophysical data coverage and structural interpretation. A drone-mounted airborne magnetic survey was carried out in mid-2025. The survey was flown at 50m line spacing and aimed to improve on existing historical geophysics data available for the area. The detailed magnetic data has allowed improved lithological and structural interpretations and prioritisation of targets for further work. Follow-up and in-fill soil sampling and analyses of approximately 1,000 samples confirmed existing anomalism, extended previously identified surface geochemical anomalies and added new anomalies and targets. In addition to the soil sampling, test pits of 1 m to 2.3 m depth were dug on selected targets to assess regolith and the nature of the soil anomalism obtained at surface. In general, regolith is composed of iron-rich laterite with variable Mn content, generally >2 m thick, but soils outside of drainages are regarded as residual in nature. Priority targets which are currently planned for drill testing in 2026 include LWT1, LWT11, LWT3, LWT4, and LWT6.","Mpongwe project (LEL 23248): The large exploration licence is situated to the southwest of the main Zambian Copperbelt and covers 67,500 hectares (675 km²). The project overlies the southern half of one of the lesser-known basement domes, the Mpongwe or Kabuche Dome, situated to the southwest of the Kafue Anticline and about 80 km southwest of the Luanshya mine. We have taken initial satellite imagery and regional magnetic data interpretations and identified an extensive historical exploration database, which is being compiled and interpreted. Our preliminary interpretations and reviews of the available historical exploration data suggest that the geology of the area is more complex than the published countrywide geological map suggests. We believe this is an opportunity to apply new models and methods to the exploration of the area, which has only had a limited amount of drilling carried out in the past. During 2025, we compiled and interpreted historical geophysical and limited geochemical data, and re-logged available historical drill core, including representative magnetic susceptibility measurements and portable XRF analyses. The re-logging of the core suggests the rocks are part of the upper parts of the Roan Group (e.g. Mwashya or Upper Roan Subgroups). This agrees with our interpretation of the historical geophysical data, that the licence area does not contain a significant basement dome unless buried below folded and thrusted Roan Group sedimentary rocks. Reconnaissance mapping and regional soil sampling commenced in August 2025 and expanded to include first pass regional soil sampling over most of the licence area. A total of approximately 5,000 soil samples was collected, and final results are currently being interpreted. Interpretation of results will be concluded prior to the end of the wet season with the expectation of commencing a follow-up work program in Q2 2026. If possible, initial drilling will be carried out as part of the planned drill program at Luanshya West."]
Leadership
Management team Heye Daun — President & CEO Heye Daun is a successful mining entrepreneur who has created significant shareholder value in various mining transactions in Namibia and Ecuador, with a focus on gold and copper. A former mining engineer with Rio Tinto, AngloGold Ashanti and Gold Fields in Namibia and West Africa, in 2009 he became a mining venture capitalist and project developer. As President & CEO of Koryx Copper since 2024 he has been driving the development of its Haib Cu Project in southern Namibia, aiming to fast track and deliver Haib as a world-class open-pit copper mine. Lionel Coetzee — Country Manager Lionel is a mining professional with 24 years' experience spanning operations, mineral processing, capital project development, renewable energy integration and strategy development across the resources sector. He holds a B.Tech Extractive Metallurgy from the University of Johannesburg and several post-graduate qualifications, including a Global MBA from the Oxford Brookes University. Lionel spent the bulk of his career at Namdeb, a joint-venture diamond business between the De Beers Group and the Government of the Republic of Namibia. Here he played a leading role in the development of Namdeb's long-term plan, which averted closure in 2021 and extended the life-of-mine to 2042, and implemented several technological innovations that have yielded large-scale cost reductions. Jon Andrew — VP Exploration Jon is a professional geologist with more than 30 years' experience in exploration and mining geology in Africa and the Middle East, including diverse experience in precious, base and rare metals and industrial minerals. He was formerly with Gold Fields and BHP Billiton and also Albidon Limited, North River Resources and Osino Resources Corp. Jon was responsible for and played an integral part in the start-up and management of Osino's exploration programs since 2016 and the discovery of the 3.5moz Twin Hills gold discovery in 2019. Albertina Mwandingi — Project Geologist Albertina is a seasoned geologist with over six years' professional experience in gold, lithium, uranium & copper exploration. She holds a BSc (Hons) in Geology from the University of Namibia and began her career with Osino Resources. She has extensive experience in regional exploration methods such as surface sampling, mapping, all aspects of drill programmes and a strong background in GIS and 3D geological software. Albertina's experience leading field teams, especially in remote and complex terrains, is key to her role at Koryx overseeing drilling operations, with a strong commitment to the highest safety and environmental standards. Steve Burks — Senior Metallurgical Study Consultant Steve is a mineral processing specialist with over 40 years of wide-ranging process plant & mining experience. Having previously held leading and expert roles with Bateman Engineering, Advisian, Whittle Consulting Africa and Lycopodium Minerals Africa, Steve is a specialist in mineral processing, feasibility study oversight and FEED/Ops readiness preparation for mining projects. Steve formerly led the metallurgical testwork, feasibility to DFS, coordination of FEED and lender DD process at Osino Resources on the Twin Hills Gold Project in Namibia. Tony da Silva — CFO Tony is an experienced finance professional in private and public companies, auditing and asset management. He is the former CFO of Osino Resources Corp. and has been instrumental in the successful advancement, financing and sale of Osino Resources Corp. As CFO he has been responsible for multiple financings, go-public processes and ensuring compliance and financial controls in multiple jurisdictions. Charles Creasy — VP Project Development Charles is a former Randgold exploration geologist with over 24 years' experience in greenfields exploration, project development, feasibility study and general management in West, Central and southern Africa. He was responsible for project technical studies and financial evaluations. More recently as the Feasibility Manager for Osino Resources he led the successful completion of various technical studies including mine permitting for Osino's Twin Hills Gold Project, which is currently in construction. Robert Zipplies — VP Sustainability/Responsible Mining Robert is a sustainability specialist with over 20 years' experience assisting companies to embed social and environmental performance standards. With a background in mechanical engineering and an MBA, he most recently worked with Osino Resources as Sustainability Manager to help develop and implement their responsible mining frameworks – focusing on local content, community development, environmental stewardship and sustainability reporting for Osino and its Twin Hills Gold Project. Russell Cranswick — Regional Geology Manager Russell is a geologist with over 11 years' experience in the mining and mineral exploration industry. He holds a BSc (Hons) Geology degree from Rhodes University, and an MSc in Economic Geology from the University of the Witwatersrand. Russell began his career as an underground mine geologist for Sibanye Stillwater at Driefontein Mine, before moving on to cut his teeth in greenfields exploration as a field geologist for Remote Exploration Services. In this role, he accumulated valuable exposure to a wide range of commodities and deposit types in southern Africa. More recently Russell worked as a consulting geologist in Zimbabwe on orthomagmatic nickel-copper sulphide deposits, and in Saudi Arabia on early-stage orogenic gold prospects. Tulina Ndevaetela — Project Geologist Tulina has an MSc in Geology and brings a strong blend of technical and operational capability to her role as a Project Geologist at Koryx Copper. She has over six years' experience in mineral exploration and mining operations across base and precious metals, and diamonds. She gained her foundational experience in exploration at Osino Resources and currently leads project planning and operational coordination at Koryx Copper. Tulina has both Namibian and international work experience in exploration and production environments and is skilled in aligning technical work with corporate objectives, team leadership, contractor management, and stakeholder engagement. Simson Kupindi — Operations Geology Manager Simson Kupindi has over 15 years' experience with much of this in supervisory and management roles. He holds a BSc (Honours) in Geology from the University of Namibia and has built a strong track record across diverse projects in Southern and West Africa with various companies including Rio Tinto and Kobold Metals. Simson is passionate about mineral exploration with a strong focus on data-informed decisions, quality assurance and operational efficiency – contributing to the sustainable growth of the mining sector, especially in Namibia. Board of directors Heye Daun — President & CEO Heye Daun is a successful mining entrepreneur who has created significant shareholder value in various mining transactions in Namibia and Ecuador, with a focus on gold and copper. A former mining engineer with Rio Tinto, AngloGold Ashanti and Gold Fields in Namibia and West Africa, in 2009 he became a mining venture capitalist and project developer. As President & CEO of Koryx Copper since 2024 he has been driving the development of its Haib Cu Project in southern Namibia, aiming to fast track and deliver Haib as a world-class open-pit copper mine. Tarik El Hanch — Non-Executive Director Tarik El Hanch has been serving as Director for Luxembourg entities for over 10 years. He specializes in SPV structures and all related aspects under LuxGAAP and Luxembourg legal frameworks applicable to corporate and financial structures. Working with internationally-based companies, Tarik provides expert guidance on Luxembourg accounting standards and regulatory practices. He has a degree in Accountancy Economy Option. Charles Loots — Non-Executive Director Charles Loots is a Namibian resident and a dual South African and Australian citizen. He has 24 years' experience in the mining industry and is an Environmental, Social and Corporate Governance (ESG) specialist within Namibia and throughout Africa. He is currently Project Support Manager for Osino Resources in Namibia. From 2012 to 2023, he was General Manager – Corporate & Director for B2 Gold in Namibia. Prior to those roles, he was General Manager & Director of Auryx Gold Namibia, Manager Corporate Affairs for Anvil Mining and Community Manager for AngloGold Ashanti overviewing seven mines in Mali, Tanzania, Namibia, Guinea and Ghana. He has an Executive Master of Business Administration from the University of Western Australia, an MSc in Ecological Economics from Edinburgh University in Scotland and an Economics degree from the University of Stellenbosch in South Africa. Cristina Lara — Non-Executive Director Cristina Lara has been serving as Director for Luxembourg entities for over 15 years. For the past 10 years, she has led a team of financial professionals dedicated to supporting internationally-based entities, primarily focused on SPV structures. Cristina holds degrees in Accounting and in Business Administration and Management, which provide a strong foundation for her expertise in corporate governance, financial oversight, and cross-border structuring. Alan Friedman — Independent Chairman Alan Friedman (BCom, BProc) is a South African-trained lawyer, based in Canada with an established track record of over 25 years as a public markets entrepreneur. Alan has played an integral role in the financings, go-public transactions and subsequent exits for many resource companies onto TSX and AIM. He is a co-founder and Director of TSX-V listed Eco (Atlantic) Oil and Gas Ltd., and co-founder of Auryx Gold Corp. and Osino Resources Corp. Alfredo Luis Riviere Rodriguez — Non-Executive Director Alfredo Luis Riviere Rodriguez has over 28 years' experience in commodities trading and investment banking, as a hedge funds analyst and in metals products manufacturing. He is currently CEO and Director of Euro-Alloys and Ferrotrade Consulting. He has held various Executive and Vice-President positions at companies such as IntrAI Inc, Sural Quebec, Sural SLPC, National City Bank and the Clinton Group Inc. He has a Mechanical Engineering degree from Universidad Metropolitana in Venezuela, an MSc in Materials Science & Engineering from the University of California and an MBA (Finance) from Columbia University, NY.

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